Revenue1 370.6 404.2 33.7 9.1 - Other Income from Utilities Business2 0.6 2.2 1.3 200.4 Costs of Sales and Services (262.1) (276.4) (14.2) 5.4 Gross Profit 109.1 129.8 20.7 19.0 Gross Profit from Operation3

to 28% 2016 2017 % change million Baht million Baht y-on-y Sales and service income 27,747 31,482 13.5% EBITDA 7,494 8,725 16.4% Net profit 2,316 3,594 55.2% Normalized net profit (NNP)* 2,090 2,918

. For elastic segment for baby diapers; The major manufacturers have switched to use the spandex instead of natural rubber, and the competition is quite high. As a result, the sales of the company of this

gross profit came from; 1. Cost of main raw materials such as natural rubber prices were higher than the year 2016 which was 32.19 %. 2. The Thai baht appreciated against the US dollar was higher than the

Cogeneration Co., Ltd. (NKCC) SPP  Samutprakarn Cogeneration Co., Ltd. (SCC) SPP  Gulf Yala Green Co., Ltd. (GYG)  Gulf Power Generation Co., Ltd (GPG) BLCP Power Limited (BLCP) SPP IPP IPP Natural Energy

Osotspa Public Company Limited Q2’19 and 1H’19 Management Discussion & Analysis 14 August 2019 Q2’19 and 1H’19 Management Discussion & Analysis Page 1/6 Financial Highlights - Q2’19 Net profit* was

/2020 is originated from the natural death of animals. For the second quarter of the year 2020, the temporary close of operation has caused no operational profit but the fixed cost, gross loss was Baht

and Analysis EXECUTIVE SUMMARY ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 Q2’2020 net profit grew 62.5% y-on-y

expenses 436.09 88.87% 257.86 98.17% 178.22 69.12% Profit before finance costs and income tax expenses 54.60 11.13% 4.81 1.83% 49.79 1036.02% Finance costs 17.89 3.65% 23.20 8.83% -5.32 -22.91% Profit before

(EGAT) to purchase the rest of 130,000 tons of crude palm oil to be used as electricity. For natural fatty alcohols market in 3Q/2019, the demand was slow down which was affected from US China trade war